Kohlberg Kravis Roberts & Co. Provides $66 Million Refinance For Barings Core Property Fund Multifamily In Chula Vista

The property asset involved is a multifamily complex located at 1660 Metro Avenue in Chula Vista, consisting of 309 units. The transaction involves a refinancing loan amount of $66,000,000 facilitated for the property known as Boardwalk at Millenia.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $66,000,000
• Lender: Kohlberg Kravis Roberts & Co.
• Landlord: Barings Core Property Fund
• Loan Type: Refinance
• Loan Terms: five-year floating rate
• Brokers: Aaron Appel, Adam Schwartz, Jonathan Schwartz, Keith Kurland, Michael Ianno, Mo Beler & William Herring - Walker & Dunlop

This refinancing deal was arranged by Walker & Dunlop’s New York team, representing Barings Core Property Fund, and is backed by Kohlberg Kravis Roberts & Co.